Innovative Foods Ltd to relist on August 27, 2007

Bombay Stock Exchange has announced that the equity shares of Innovative Foods Ltd (Formerly known as ‘Innovative Marine Foods Ltd.’), (Scrip Code: 519210), shall be listed and permitted for trading on the Exchange with effect from Monday, August 27, 2007 under B2 group of securities.

The ISIN Code of the company is INE827C01022.

The Exchange has fixed the base price as Rs.26.25 and a circuit filter of 20%.

The Equity Shares in dematerialised form after the reduction in the share capital of the company has been credited in the new ISIN No. INE827C01022. Henceforth, trading members should deal in the new ISIN No. INE827C01022 only and not to deal in the old ISIN No. INE827C01014.

Pursuant to BIFR Order, the existing paid up Equity Share Capital of IFL stands reduced by reducing the number of shares by 90% on the record date. The issued, subscribed and paid-up capital of the company after scheme of Rehabilitation comes to Rs.185.0111 lacs consisting of 18,50,111 Equity shares of face value of Rs.10/- each fully paid up (including fractional entitlements).

Further, upon amalgamation of ‘M/s Amalgam Foods and Beverages Ltd.’ (AFBL) into IFL, IFL has issued 1 (One) Equity share of Rs.10/- each of the company, for every 1 (One) Equity share of Rs.10/- each held in erstwhile AFBL.

The issued, subscribed and paid-up capital of the company post scheme of arrangement and rehabiliation as above comes to Rs.1160.83 lacs consisting of 1,16,08,373 Equity shares of face value of Rs.10/- each fully paid up.

Source : Equity Bulls

Keywords